TEEC Angel Fund
TEEC Angel Fund (TAF) is a Silicon Valley based super angel fund that manages assets totaling tens of billions of RMB as of 2013. The company was founded and operated by a team with strong operating and startup experiences who has either served as CEOs or executives in Silicon Valley or China. The company differentiates with its core network of Tsinghua Entrepreneur & Executive Club (TEEC) with over 300 members to help startups it invested in. The company is headquartered in Palo Alto, California.
TEEC Angel Fund (TAF) was founded in 2010 by Eugene Zhang, Michael Jin and Chun Xia with the goal of providing early stage investment to technology startups in mobile internet, communication/networking software, e-commerce, enterprise software, cloud computing, biomedicine, healthcare, semiconductor, clean tech etc. Nowadays, the company is at the forefront of the new generation of overseas Chinese in SV's investment community by making members of SV as its backbone, seeking helps from Tsinghua alumni, utilizing many years of experience and networking, befriending with SV's elites and seizing great investment opportunities.
TEEC promotes technology innovation and entrepreneurship in high tech industries. The mission of TEEC is to provide a platform for TEEC members to be a resource for each other, to receive, return, and offer help to each other.
TEEC aims to support aspiring young entrepreneurs. TEEC members are CEOs, founders, or senior executives in many industries including semiconductor, internet, healthcare, venture capital, legal & financial services.
Investments
Among the nearly 100 companies founded or managed by TEEC members, more than 20 went public successfully on both national and foreign STOCK exchanges. The majority of the companies founded by TEEC members have received funding from well-known VC/PE firms, with investment surpassing more than 10B RMB. Those that have gone public have a total market value of more than 100B RMB. Some of TAF’s notable early stage investments include: If You Can, eShares, Oto (Womply), Thriveon, Bounce.io, SendHub, Love With Food, Trusper, Striking.ly,Inc, FlixMaster/Rapt Media, Lex Machina, Inc, TrustGo Mobile, Inc, acquired by Baidu, 2013, PrivateCore, acquired by Facebook, 2014
Founding and Partners
TEEC Angel Fund members have deep startup, operating or investment experiences. Eugene is an expert in software system and emerging industry. He specializes in assisting entrepreneurs in early stage company building and fund raising. Michael is also a founding partner of TEEC Angel Fund with focus on BioMed investments and he is on the Board or Advisory Board of six high-tech startups. Chun specializes in China market and operation, investment community, and government relations. He mainly focuses on cloud computing, mobile devices and IOE. In addition to Eugene, Michael and Chun, TEEC Angel Fund’s general partners also include Weiying Ding, Jinling Wang, James He, Biao He and Wenxiang Ma.